Japan vs Thailand

Japan vs Thailand: Government debt

Government debt in 2024: 213.6% of GDP in Japan and 62.9% of GDP in Thailand, by IMF estimates. In 2024 the value was higher in Japan, by 150.7 percentage points, or 3.4 times that in Thailand.

% of GDP · IMF

Japan vs Thailand: Government debtGovernment debt in 2024: 213.6% of GDP in Japan and 62.9% of GDP in Thailand, by IMF estimates. In 2024 the value was higher in Japan, by 150.7 percentage points, or 3.4 times that in Thailand.
JapanThailandIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher in every year both have figures for since 1996.
  • The IMF projection (World Economic Outlook, October 2026) puts Japan at 188.9% of GDP and Thailand at 69.8% of GDP in 2031.

Every year

% of GDP · IMF

YearJapanThailand
2024213.662.9
2023220.162.2
202222860.6
2021222.658.4
2020228.849.4
2019206.341.1
2018203.741.9
2017203.141.8
2016202.141.7
2015200.142.6
2014203.643.3
2013201.242.2
2012197.141.9
2011190.639.1
2010178.639.8
2009172.942.4
2008153.635
2007150.436
2006152.139.2
2005153.445.5
2004148.846.3
2003140.247.5
2002134.654.9
2001126.857.5
2000118.557.8
1999113.556.6
1998101.649.9
199791.340.5
199685.315.2
199580.7–
199473.3–
199363.2–
199257.9–
199154.1–
199054.8–
198956.9–
198862.4–
198765.8–
198664.2–
198559.2–
198456.9–
198355.1–
198250.1–
198145.8–
198041.4–
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearJapanThailand
2025204.864.7
2026199.467.2
2027196.468.5
2028193.869.1
2029191.569.4
2030190.169.6
2031188.969.8

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Japan vs Thailand

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